K92 Mining (TSE:KNT) Price Target Raised to C$33.00 at Raymond James Financial

K92 Mining (TSE:KNT) had its price objective raised by Raymond James Financial from C$30.00 to C$33.00 in a research note released on Wednesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of K92 Mining from C$36.00 to C$46.00 in a research note on Thursday, March 12th. Stifel Nicolaus lifted their price target on shares of K92 Mining from C$30.00 to C$39.00 in a report on Tuesday, February 10th. Desjardins set a C$40.00 price objective on K92 Mining and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Scotiabank raised their target price on K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of C$38.00.

K92 Mining Trading Down 0.3%

Shares of K92 Mining stock opened at C$24.50 on Wednesday. The firm has a market cap of C$6.00 billion, a PE ratio of 22.07 and a beta of 1.70. K92 Mining has a 1 year low of C$12.06 and a 1 year high of C$33.45. The company has a debt-to-equity ratio of 7.10, a current ratio of 3.28 and a quick ratio of 3.15. The stock has a fifty day moving average price of C$26.09 and a 200-day moving average price of C$23.79.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, March 2nd. The company reported C$0.49 earnings per share for the quarter. The company had revenue of C$234.30 million for the quarter. K92 Mining had a net margin of 45.38% and a return on equity of 41.72%. Equities research analysts anticipate that K92 Mining will post 0.7321867 EPS for the current year.

About K92 Mining

K92 Mining Inc is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022.